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| Topic: |
Technology
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| Number of pages / Number of words: |
9 / 2465 |
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This also helps firms to be able to respond quickly to customer orders and customisation needs in any market that they serve.
Further to sustain growth of the firm it has to look for newer markets. The size of economy of a country may act as a limiting factor for saturation in growth of the firm. Nokia is a classic example in this case...
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The size of economy of a country may act as a limiting factor for saturation in growth of the firm. Nokia is a classic example in this case. The population of its home country Finland is 5.3 Million which is lesser than new mobile phones sold per month in Indian market (around 8 Million per month).
Technological Forces: Competitive success depends more and more on how quickly and effectively a firm incorporates new product and process technology in to the design and production of its products...
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